Strategic Asset Allocation
Build and defend long-term allocations with forward-looking assumptions, scenario analysis, and an independent macro framework.
The Great Glow Up: Betting On The Beauty Economy
The rise of remote work, online dating, and other demographic changes are increasing the demand for aesthetics. GLP-1s provide an effective and inexpensive cure for obesity, and their secondary effect…
What's Actually New About The Total Portfolio Approach
High-profile adoptions of the Total Portfolio Approach (TPA) and the often-cited outperformance of TPA funds have generated FOMO among funds following an SAA framework. Buzzwords and vague rulesets fr…
2026 Public Market Capital Market Assumptions: Rising Yields Lift All Boats
We estimate that a US 60/40 portfolio will return 6.9% over the next 10-to-15 years. In this update, we include hedging costs projections and revamp our scenario analysis to incorporate hypothetical o…
The Rise Of Dispersion And The Structural Outlook For Alpha
For almost two decades, beta was the only game in town and alpha a loser's game. This era is ending, and we lay out why a more multipolar, dirigiste, and AI-disrupted world is pushing dispersion struc…
Bull/Bear Debate: Buy Dips Or Sell Strength In 2H2026?
BCA's bull/bear debate webcast, held on July 13, 2026 (replay here) and moderated by Chief Investment Strategist Marko Papic, pitted Peter Berezin and Arthur Budaghyan on the bearish side against Juan…
The All-Defense Chartpack: A Review of Safe Havens And Defensive Strategies
How should I hedge my portfolio for the next bear market? This is a question many of our clients face, and one that investors too often answer on the basis of intuition or narrative. The All-Defense C…
